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  • Wolters Kluwer Continues Its Global Footprint Expansion in India

    Published on June 8, 2011

    New Delhi:  Wolters Kluwer, a market-leading global information services company focused on professionals, will continue to expand its global footprint by increasing its online, software, and services offerings in India. Capitalizing on valuable trends and market opportunities in India, one of the company’s key growth and emerging markets, the company’s presence and growth opportunities in India will be further accelerated.

    Tying in with the company’s strategy for Maximizing Value for Customers globally, Wolters Kluwer has been stepping up its operations in India over the past years and revenues have been growing rapidly. Going forward, the company sees continued great potential in India for its electronic products and services offerings to professionals predominantly in the healthcare, tax, and accounting markets. India has over 160,000 Chartered Accountants, more than one million legal professionals, about 20,000 large corporations, and over one million SMEs that offer a great opportunity for Wolters Kluwer to provide tax, accounting, and legal content in print and electronic format. India has over 700,000 doctors and 300 plus medical schools. By 2030, the number of doctors in India is expected to increase by almost 75% and enrollments in the medical schools to double, offering a huge potential for Wolters Kluwer.

    “There is a major shift occurring from print to online in the Indian professional market. These market trends are underpinning Wolters Kluwer’s focus and growth ambitions in India. With our tremendous expertise and knowledge in that area, we can be a trusted partner for our customers helping them to navigate comfortably through these changes. We also see exciting opportunities with regards to developments such as mobility and cloud computing, which are also key areas of expertise for Wolters Kluwer,” said Nancy McKinstry, CEO and Chairman of the Executive Board of Wolters Kluwer, during a recent visit to India.

    Under the leadership of M S Mani, Managing Director for Wolters Kluwer Health in India and Thomas Abraham, Managing Director, Wolters Kluwer Tax & Accounting in India, the focus for India is on the growth of the electronic offerings in key markets, building on deep local domain expertise to maximize value for customers. With some of Wolters Kluwer’s key brands such as Lippincott Williams & Wilkins operating in the healthcare and CCH operating in the tax and accounting markets in India, Wolters Kluwer India attracts the most reputable Indian authors in the respective fields and is constantly looking to expand its esteemed author base. Where global products are imported, Wolters Kluwer ensures relevance and quality for its customers through its high standards of localization of global content.

    Another area of expansion comes from building out its strategic partnerships with renowned Indian organizations. Many key initiatives have already been set up, for example with the National Medical Library to provide online access to medical colleges and the Institute of Chartered Accountants of India to disseminate its Direct Tax Tracker product. The company will continue focus on its growth ambitions in India, in line with its efforts to increase presence in developing markets to represent a greater percentage of its business.